According to research by the law firm Pinsent Masons, the Serious Fraud Office has not carried out a single dawn raid since its flawed search of the offices of the Tchenguiz brothers in early 2011.
That compares to a much greater level of activity in the preceding years, says Pinsents:
“Between 2008 and 2010 the SFO conducted between 43 – 63 raids per financial year (April 1st to March 31st), yet following the 16 raids it conducted in the first quarter of 2011, the SFO did not lead any raids in the following year…the figures suggest that the SFO has taken an overly cautious position following its dawn raids on the properties of businessmen Vincent and Robert Tchenguiz in March 2011, for which it has been forced to apologise due to flaws in its search warrants.”
See also: Serious Fraud Office apologises to Tchenguiz
Bribery Act: SFO yet to make any prosecutions
Hill-loving Chief Executive of troubled Serious Fraud Office leaves unexpectedly
